Securing Your Cryptocurrency: Avoiding Scams

Cryptocurrency is on the rise, and its benefits are becoming more apparent to people all around the world. Bitcoin is cryptocurrency’s most popular form, but there are many other coins out there that have values just as high. The cryptocurrency market is rapidly growing too – it had a worth of $100 billion in 2017. With cryptocurrency being so valuable, it’s no surprise that scammers see this as an opportunity for their own selfish gain. This article will teach you some ways to avoid cryptocurrency scams!

Phony Websites

Your business could be at risk of being fooled by a fake website. Websites that pretend to represent legitimate businesses have been set up and imitate them in many ways, including the logo or names on their pages! If an unfamiliar site offers its services without any security indicators near its URL bar AND with no “https” next time you visit, think twice before clicking anything else because someone might be trying hard enough for your money…and personal information too if they can get access like bank account numbers.

There is always room for improvement so make sure all links are checked out first.

When researching cryptocurrency investments, don’t be fooled by sites that look identical to the one you think it is. For example, if an attacker creates a fake URL with only zeroes in its address bar instead of letters ‘o’ then this will take users into another platform for payment rather than leading them towards their desired goal which could result in lost money and time spent on research alone! To avoid such scams, always double check any links before clicking or entering information so there aren’t costly surprises later.

Fake Mobile Apps

Scammers are always finding new ways to steal from cryptocurrency investors, and one of the most popular techniques is through fake apps available for download on Google Play Store or Apple App store. Although stakeholders can often quickly find these fake crypto-currency related programs (which may be) installed onto your device without permission; it doesn’t mean you should ignore what they’re doing – reports Bitcoin News

This has been going around since before coins became worth anything at all! The only way anyone knows how bad this problem really got was because some website had an algorithm that detected unusual activity…

Be wary of apps that seem too good to be true. The worst thing you can do as an investor is downloading a fake or suspicious app, which could cost your hard-earned money and leave you feeling robbed!

Deceiving Social Media Accounts & Updates

You’re following celebrities and executives on social media, but it could be a scam. That’s because there are impostor accounts that pretend to have more followers than they really do! The same is true for cryptocurrencies–you should never trust offers coming from Twitter or Facebook if the results seem impossible. Fake profiles exist everywhere these days too so beware of what you share with them.

The problem with these platforms is that scammers can use them to take your cryptocurrency. You have no way of knowing if they’re real or not, so be extra cautious!

Imposter Emails

It’s important to be cautious when investing in profit bitcoin. Just because an email looks exactly like what you would expect from a crypto company, it doesn’t mean the logo or branding are identical and there may not even really exist any legitimate team members behind the project!

Make sure that whoever sent them has verified personal information before putting money on such schemes by checking their LinkedIn profile for verification purposes- don’t ever click-through links within messages seeking more information though as those will take users into scam sites instead of actually getting closer towards making purchases online with secure credit card numbers provided during signup.

Conclusion

The scammers are always out there, looking for a way to steal your hard-earned money. They might announce fake ICOs or initial coin offerings as the latest con game in town – don’t fall victim!

Take time to look over all of this information carefully before you give any coins away; it could save someone else from losing what they’ve worked so hard to earn too.

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